Arihant Superstructures Ltd

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Arihant Super. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Arihant Superstructures Ltd

₹ 230 -2.54%
29 Sep - close price
asl.net.in BSE: 506194 NSE: ARIHANTSUP
About

Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]

Key Points

Business Overview:[1]
a) ASL is a real estate player in affordable and mid-income housing segment in the MMR region
b) It has recently ventured into premium luxury real estate segment to develop Villa projects, a hotel and a sports gymkhana
c) Company has expertise in land acquisition & procurement, liaison, design & engineering, EPC and marketing & sales
d) Company enters into JD, JV, and DM arrangements in the mid-income segment to remain Asset-Light with ~19% of Ongoing development area on asset-light model

Website BSE NSE
  • Market Cap ₹ 1,001 Cr.
  • Current Price ₹ 230
  • High / Low ₹ 468 / 188
  • Stock P/E 585
  • Book Value ₹ 58.8
  • Dividend Yield 0.11 %
  • ROCE 4.34 %
  • ROE 0.61 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 42.4%

Cons

  • Stock is trading at 3.92 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.93% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.72% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 154 days.
  • Promoter holding has decreased over last 3 years: -3.61%
  • Working capital days have increased from 1,573 days to 2,225 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
36.74 32.59 25.27 17.79 19.85 24.16 61.90 14.85 7.46 13.17 26.72 43.13 22.24
29.34 24.31 20.43 18.30 20.43 19.50 43.57 15.18 1.29 6.88 18.62 37.22 15.80
Operating Profit 7.40 8.28 4.84 -0.51 -0.58 4.66 18.33 -0.33 6.17 6.29 8.10 5.91 6.44
OPM % 20.14% 25.41% 19.15% -2.87% -2.92% 19.29% 29.61% -2.22% 82.71% 47.76% 30.31% 13.70% 28.96%
1.74 1.59 1.44 1.44 1.00 0.59 0.09 1.55 0.48 0.54 0.23 0.49 0.42
Interest 0.48 0.37 0.31 0.25 0.24 0.14 0.18 4.35 6.37 6.05 7.83 5.42 6.27
Depreciation 0.10 0.10 0.10 0.09 0.10 0.10 0.13 0.18 0.21 0.24 0.28 0.27 0.27
Profit before tax 8.56 9.40 5.87 0.59 0.08 5.01 18.11 -3.31 0.07 0.54 0.22 0.71 0.32
Tax % 11.33% -0.11% -0.51% 94.92% 50.00% 13.17% 21.87% -128.40% 14.29% 37.04% 36.36% -29.58% -3.12%
7.58 9.41 5.90 0.03 0.04 4.35 14.15 0.94 0.06 0.34 0.13 0.92 0.32
EPS in Rs 1.84 2.29 1.43 0.01 0.01 1.06 3.44 0.23 0.01 0.08 0.03 0.21 0.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
59 83 129 105 68 59 105 151 75 112 121 91 105
46 58 83 84 56 54 93 106 55 92 98 64 79
Operating Profit 13 25 46 21 12 5 12 45 19 20 22 27 27
OPM % 22% 30% 36% 20% 18% 8% 12% 30% 26% 18% 19% 29% 25%
6 4 2 2 3 2 2 3 6 6 3 1 2
Interest 4 4 8 6 12 8 10 2 7 1 5 26 26
Depreciation 1 1 1 1 1 1 1 0 0 0 1 1 1
Profit before tax 14 25 40 16 2 -1 4 46 18 24 20 2 2
Tax % 32% 32% 34% 35% -4% -1% -1% 13% -0% 6% 2% 6%
10 17 27 10 2 -1 4 40 18 23 19 1 2
EPS in Rs 2.36 4.16 6.47 2.51 0.59 -0.34 0.95 9.72 4.49 5.57 4.73 0.34 0.39
Dividend Payout % 13% 22% 15% 20% 85% 0% 0% 0% 11% 22% 32% 74%
Compounded Sales Growth
10 Years: 1%
5 Years: -3%
3 Years: 7%
TTM: -3%
Compounded Profit Growth
10 Years: -22%
5 Years: -18%
3 Years: -57%
TTM: -91%
Stock Price CAGR
10 Years: 10%
5 Years: 9%
3 Years: 8%
1 Year: -42%
Return on Equity
10 Years: 9%
5 Years: 11%
3 Years: 7%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 41 41 41 41 41 41 41 41 41 41 41 43
Reserves 33 51 77 79 73 71 77 117 135 167 185 211
37 62 78 80 83 96 19 7 98 212 322 451
86 100 82 88 61 77 89 94 93 75 149 175
Total Liabilities 197 254 278 288 258 285 226 259 367 495 697 880
2 3 5 4 3 5 5 5 4 4 45 46
CWIP 0 0 0 0 0 0 0 0 0 0 3 20
Investments 1 5 0 0 0 0 0 0 0 0 5 5
194 246 272 283 255 279 221 254 363 491 644 809
Total Assets 197 254 278 288 258 285 226 259 367 495 697 880

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-1 1 -6 9 9 -5 86 8 -88 -126 -131 -48
6 4 2 1 2 0 2 2 6 6 -21 -18
-9 -5 4 -9 -11 5 -87 -14 84 122 153 62
Net Cash Flow -4 -1 -0 1 0 1 1 -3 2 1 1 -4
Free Cash Flow -1 0 -6 8 8 -5 86 7 -88 -127 -175 -67
CFO/OP -2% 28% 9% 111% 116% -76% 703% 24% -425% -614% -582% -167%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 23 33 74 154 92 105 48 55 92 62 138 154
Inventory Days 1,232 7,416 10,129 6,954 2,242 1,492 5,028
Days Payable 74 789 941 1,094 413 449 515
Cash Conversion Cycle 23 1,191 74 6,780 9,280 5,964 1,877 1,098 92 62 138 4,667
Working Capital Days 383 532 433 580 740 940 432 290 1,051 1,050 1,443 2,225
ROCE % 17% 22% 27% 11% 7% 3% 8% 32% 12% 7% 5% 4%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Units Delivered
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Value of Sales (Pre-sales)
INR Mn
Area Sold
Lakh sq ft
Units Sold
No.
Collections
INR Mn
Unsold Ready Inventory
No.
Gross Development Value (GDV)
INR Cr
Average Realization per sq ft
INR per sq ft

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 71.10% 71.10% 71.10% 71.10% 71.10%
0.56% 0.00% 0.00% 0.03% 0.02% 0.31% 0.18% 0.17% 0.18% 0.22% 0.17% 0.18%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.03% 0.00% 0.00%
24.74% 25.28% 25.28% 25.25% 25.27% 24.97% 25.10% 28.71% 28.70% 28.65% 28.73% 28.71%
No. of Shareholders 7,0146,6456,5066,4407,6607,6847,8417,5657,2397,0006,7537,103

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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